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Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. From the Sensex pack, Trent, Bajaj Finserv, Tech Mahindra, Mahindra & Mahindra


Markets extend losses as oil soars over $100, Sensex tanks 852 points
Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. From the Sensex pack, Trent, Bajaj Finserv, Tech Mahindra, Mahindra & Mahindra
Wwww.millenniumpost.in
April 24, 2026 at 12:03 AM
Markets extend losses as crude hits USD 100 amid US-Iran imbroglio
Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. From the Sensex pack, Trent, Bajaj Finserv, Tech Mahindra, Mahindra & Mahindra
TThe Tribune
April 23, 2026 at 05:00 PM


Sensex closes down by 852 pts, Nifty falls 0.84% as crude tops USD
Latest News · Breaking News · Community News · Interview · Jammu and Kashmir ... Ponmudi R, CEO of Enrich Money, said that Indian equity markets extended
RRising Kashmir
April 23, 2026 at 05:00 PM


Stock Markets Tumble Amid Surging Oil Prices and Geopolitical Unrest
Ponmudi R, CEO of Enrich Money, indicated that the Indian equity markets ... LATEST NEWS. {{#Country}}{{Country}}{{/Country}}{{^Country}}Global
DDevdiscourse
April 24, 2026 at 12:51 AM


Surging crude prices among key factors behind market decline
Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, said. 2) Weak global cues: Asian markets, including South Korea's Kospi, Japan's
TTradingView
April 23, 2026 at 12:25 PM


Sensex Drops 852 pts, Nifty Falls 0.84% on Crude Surge
Ponmudi R, CEO of Enrich Money, said that Indian equity markets extended their losses as sentiment turned negative amid stalled peace talks between Iran and
NNewKerala.com
April 23, 2026 at 09:25 PM


Sensex down by 852 pts, Nifty falls 0.84 pc as crude tops $100 again
Ponmudi R, CEO of Enrich Money, said that Indian equity markets extended their losses as sentiment turned negative amid stalled peace talks between Iran and
PPublic Tv English
April 23, 2026 at 04:07 PM


Stock Markets Tumble Amid Surging Oil Prices and Geopolitical Unrest
Ponmudi R, CEO of Enrich Money, indicated that the Indian equity markets ... Latest News. Dog Squad Joins the Fight Against Drug Trafficking in Shopian
DDevdiscourse
April 23, 2026 at 06:46 PM


Sensex Sheds 600 Pts, Nifty Below 24,200 On Oil, Global Tensions
Ponmudi R, CEO of Enrich Money, noted that during Thursday's trading session, Indian equities are likely to trade with a cautious undertone as geopolitical
Mmenafn.com
April 23, 2026 at 07:51 PM
Today Forecast
Pre-Market Outlook
2026-04-2406:50 AM
Indian equity markets are likely to open on a cautious note, as persistent geopolitical uncertainties continue to weigh on sentiment. The lack of meaningful progress in U.S.–Iran negotiations remains a key overhang, keeping investor confidence subdued.
Crude oil prices remain elevated above the $100 per barrel mark, driven by supply disruptions and rising tensions around the Strait of Hormuz, adding to macroeconomic concerns. Global markets are trading on a mixed to negative footing, with Asian equities under pressure due to the surge in oil prices and heightened geopolitical risks.
Foreign institutional investors remain cautious, with continued outflows observed in recent periods, reflecting concerns around valuations, elevated crude prices, and currency depreciation. Weakness in IT and financials has weighed on broader indices, while relatively defensive sectors such as FMCG and pharma have shown resilience. Overall, market sentiment remains fragile and highly news-driven, with near-term direction likely to be influenced by geopolitical developments and movements in crude oil prices.
Technical view
Nifty 50
Nifty 50 is currently trading near the 24,100–24,200 zone, exhibiting a cautious to mildly negative bias following recent weakness and its inability to sustain above key resistance levels. From a technical standpoint, the 24,300–24,400 range now acts as an immediate resistance band, as the earlier support zone has transitioned into a supply area. A decisive breakout above 24,400 will be required to revive upward momentum and push the index back towards the next hurdle at 24,600.
On the downside, the 24,100–24,000 zone remains a crucial support area, and a breakdown below this range could accelerate selling pressure towards the 23,800 level. Overall, a decisive breakout on either side will be critical in determining the next meaningful directional move.
Bank Nifty
Bank Nifty is currently trading in the 56,300–56,400 zone, broadly aligned with its 50-day EMA. From a technical perspective, the 56,900–57,100 range remains a key resistance zone, where persistent supply pressure continues to cap upside momentum. A sustained breakout above this band will be required to trigger further gains towards the 57,500–58,000 levels.
On the downside, the 56,200–55,800 zone serves as an important support area, and a breach below this range could lead to an extension of the decline towards the 55,500 level. Overall, the outlook remains cautious with a slight negative bias, unless a decisive breakout above resistance levels is observed.
Ponmudi R, CEO of Enrich Money
Today Nifty Outlook
NIFTY50
Today Bank Nifty Outlook
BANK NIFTY

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